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Nov 2, 2012
11/12
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LINKTV
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and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that waste. and i think we have to look at it through the budget process. so i think it's very important during the budget process -- i wasn't on the budget committee this last year, but i do hope to sit on the budget committee in the next year. and i think that we need to make some of the hard political decisions and that is why i think a lot of waste does continue on the upper level because no one is willing to really take a hard look and make those very difficult decisions. i think that sometimes when you look at programs, i think some of the information that hope johnson mentioned about the sunshine task fo
and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that...
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Nov 2, 2012
11/12
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for them, april 15th sn't tax day - news. according to irs recorrs, federal workers owe $3.4 billion in ack taxes 26,000 postal service eeployees owe $270 million. 100 milllon byyd-o-d military and civilianns congressional emplooees owe 10 million. treasury dept workers - ome offthe rs - owe $9 million. more than $800,000 is oweddby pressdent obama's staff. thhir taxes is as bad as cops who break the llw, ffremmn who commit arson, and doctors who kill patients.making matters complicated. it's about billions in direct costs and lost prrductivity to figure put how much we owe.tax returrs shhuld be on a 3x55 pomething -- even if it were onll one dollar.for more on headlines dot nee. and folloo us twitter and facebook. i'm mark yman. gambbing in marylandwhy ssmee reeigious leaders 3
for them, april 15th sn't tax day - news. according to irs recorrs, federal workers owe $3.4 billion in ack taxes 26,000 postal service eeployees owe $270 million. 100 milllon byyd-o-d military and civilianns congressional emplooees owe 10 million. treasury dept workers - ome offthe rs - owe $9 million. more than $800,000 is oweddby pressdent obama's staff. thhir taxes is as bad as cops who break the llw, ffremmn who commit arson, and doctors who kill patients.making matters complicated. it's...
SFGTV2: San Francisco Government Television
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Nov 1, 2012
11/12
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that is to move our payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank you. >> thank you sir. the next question the city's liabilities are projected to increase in the next coming year. s what new or increased fees should it institute and i will repeat the question and we will begin with mr. crowley. >> i would say that one of the bigger things that we will have before us is the gross receipts tax check that norman talked about trading from the payroll tax which is punitive. the next thing i would do is increase the foot print on mos sony center and that brings in a lot of money to the general fund and erect a multi-purpose ar
that is to move our payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank...
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Oct 30, 2012
10/12
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the tax credit helped low-income workers, later the payroll tax credit helped. the expansion of unemployment insurance. critical. you heard, we will probably launch market poverty went up and 2011. on question only, if that is true, one of the reasons is because we pulled back some of the safety net in terms of extended unemployment insurance programs running out for people. in a labor market but was still much to on welcoming. all of those measures and more, it was in subsidized jobs program that was very effective, big banks helping people. i think in the recovery act, the president did quite a bit. >> would you like to respond? >> i do not follow current politics. i do not know what is going on. [laughter] >> let me ask you -- had a question for you. you mentioned the need for fresh thinking and where we can go from here. are there any talks about how the left and right might be able to generate the political will? >> is there is. read a book 2004 i guess advocating a basic guaranteed in the time. and people on the left said, what is he doing that for? >> i r
the tax credit helped low-income workers, later the payroll tax credit helped. the expansion of unemployment insurance. critical. you heard, we will probably launch market poverty went up and 2011. on question only, if that is true, one of the reasons is because we pulled back some of the safety net in terms of extended unemployment insurance programs running out for people. in a labor market but was still much to on welcoming. all of those measures and more, it was in subsidized jobs program...
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Oct 27, 2012
10/12
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CNNW
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well, can you balance the budget without or while you're cutting taxes? our tax rates. i said i don't think we can balance the budget without cutting tax rates because that's how you get the economy moving. you've got to have growth. i think it's doable. we are going to need cooperation, but i'm hopeful that after the election, maybe they'll sit down and we can talk. >> mitt romney's saying he's going to balance the budget by the end of the second term. that means running deficits for the next eight years. only thing i've seen on his website is $500 billion in cuts in the year 2016. that's not dealing with the debt for another four years. >> if we can move faster and further, we certainly will, but governor romney wanted to propose something he thought we could do. >> he's going to close loopholes to do it. you and i are both familiar are w the studies that say that's not possible or tough to do. let's just say in order to get there, he can't cut by to 20%. he has to cut by 10. maybe 4. would he adjust that promise? >> well, he's certainly willing to talk. when you do t
well, can you balance the budget without or while you're cutting taxes? our tax rates. i said i don't think we can balance the budget without cutting tax rates because that's how you get the economy moving. you've got to have growth. i think it's doable. we are going to need cooperation, but i'm hopeful that after the election, maybe they'll sit down and we can talk. >> mitt romney's saying he's going to balance the budget by the end of the second term. that means running deficits for the...
SFGTV2: San Francisco Government Television
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Oct 28, 2012
10/12
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and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that waste. and i think we have to look at it through the budget process. so i think it's very important during the budget process -- i wasn't on the budget committee this last year, but i do hope to sit on the budget committee in the next year. and i think that we need to make some of the hard political decisions and that is why i think a lot of waste does continue on the upper level because no one is willing to really take a hard look and make those very difficult decisions. i think that sometimes when you look at programs, i think some of the information that hope johnson mentioned about the sunshine task fo
and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that...
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have enjoyed a kind of tax immunity they're not really. new not from tax because those relations . legislate in a way that makes that. i do say so so basically you know the bankers the politicians are tax evaders they are ultimately in bed together they're in their elitist circles of protecting each other but all it does is basically add to the growing frustration among the struct struggling grapes on how the government is handling the country's economic troubles i get the impression your saying that ultimately the greek government is indifferent to what the people think about them . they're far more interested in being caught by. you know the long arm of the law themselves they are far more interested in covering up the. bank accounts look for three years during this crisis will be imposed upon the vast majority of workers who'll have no alternative but to pay their tax politicians. are pointing moralizing fingers that we can members of fix or say saying no you have not been painted x. you've been vaccinated this is why i said you don't will state to now to do this coming out of t
have enjoyed a kind of tax immunity they're not really. new not from tax because those relations . legislate in a way that makes that. i do say so so basically you know the bankers the politicians are tax evaders they are ultimately in bed together they're in their elitist circles of protecting each other but all it does is basically add to the growing frustration among the struct struggling grapes on how the government is handling the country's economic troubles i get the impression your...
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Oct 29, 2012
10/12
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FBC
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they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-president, his view on things and, his expression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no case on economic grounds to raise taxes. joining me now, senior economic writer for the wall street journal, stephen moore, author of the new book, the truth about opportunity, taes, and wealth in america. great to have you with us. >> great to be with you. can i say something? this is really the problem in washington. you know, and it's not just joe biden. these politicians can't tell the difference between a billion and a trillion. the the numbers are so big now, everybody's eyes glaze over. a trillion dollars, million million. all lot of zeros. lou: and you know what, we, like you, cover these big numbers all the time. and i can't blame anyone whose eyes glaze over on these numbers abstraction's beyond comprehension irrespective of who is speaking a
they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-president, his view on things and, his expression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no case on economic grounds to raise taxes. joining me now, senior economic writer for the wall street journal, stephen moore, author of the new book, the truth about...
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Nov 4, 2012
11/12
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state taxes, income tax es it's capitalism. ers on the of capital are winning so much more than laborers. capital has no roots, right? and to just deny that that's happening and not have a little bit of an activist tax policy about it, i think it's my ev. it's destructive and it's just absurd. >> my name is nelini stamp. i'm 24 years old. >> nelini stamp is a community organizer. she joined occupy wall street on its first day. >> i've been fed up with having to worry about living from paycheck to paycheck because of corporate greed and because we don't have a very high minimum wage in new york. i really just wanted to take a major leap in fighting back. i think we need to, first of all, have public financing of elections. that is a huge deal. one of the reasons is you know, why corporations -- because there's an unlimited amount of donations that they can girlfriend political campaigns and it's about time that we all stand up and take this back. >> yea! >> i found my voice. i've been very apathetic, very cynical of the system t
state taxes, income tax es it's capitalism. ers on the of capital are winning so much more than laborers. capital has no roots, right? and to just deny that that's happening and not have a little bit of an activist tax policy about it, i think it's my ev. it's destructive and it's just absurd. >> my name is nelini stamp. i'm 24 years old. >> nelini stamp is a community organizer. she joined occupy wall street on its first day. >> i've been fed up with having to worry about...
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and he did cut the tax rate. but he also raised taxes. i mean, he raised it in '82, '83, '84, '95, and got rid of tax loopholes. what do you think of what grover norquist has done in terms of the fiscal cliff and having everybody sign a pledge or whoever wants to, sign a pledge that they will not raise taxes, or put the taxes on the table? >> i don't think it's helpful. we need people to come together and start torque working together and have flexibility in these negotiations. i don't know the difference between raising rates and raising revenues. there's a lot of inefficiency in our taxes. an inefficient tax code, the resources, closing loopholes, even if it raises revenues is not something people should be against. >> we're going to continue to talk about that -- let me talk about -- she's a democrat. >> you know, i have a lot of confidence, we probably don't agree on a lot of the fiscal issues but on financial reform we do. most importantly i think she's the person who is going to be independent and do what is in the interest of the s
and he did cut the tax rate. but he also raised taxes. i mean, he raised it in '82, '83, '84, '95, and got rid of tax loopholes. what do you think of what grover norquist has done in terms of the fiscal cliff and having everybody sign a pledge or whoever wants to, sign a pledge that they will not raise taxes, or put the taxes on the table? >> i don't think it's helpful. we need people to come together and start torque working together and have flexibility in these negotiations. i don't...
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Oct 28, 2012
10/12
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WRC
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he tells florida he supports the bush tax cuts. but as massachusetts governor romney refused to take a position on the bush tax cuts. where does mitt romney? whichever way the wind blows. chris: and when we come back we've got a perfect storm coming ashore. that could affect things. and we have the big jobs number coming next friday. if it's bad, could it tip the election? plus scoops and predictions right from the notebooks of these top chris: welcome back. this friday, we're going to get last unemployment report before the election. will it continue the promising trend we saw last month when the rate dropped down to 7.8%? the lowest since president obama took office. voters, optimism, favor barack obama, in the last nbc "wall street journal" national poll. voters who expect the economy to improve in the next 12 months are for president obama. by huge 40-point margin. kelly, i don't know whether it's chicken or egg but people who like obama like the future. >> the unemployment rate is expected to hold stead yes but don't be surpri
he tells florida he supports the bush tax cuts. but as massachusetts governor romney refused to take a position on the bush tax cuts. where does mitt romney? whichever way the wind blows. chris: and when we come back we've got a perfect storm coming ashore. that could affect things. and we have the big jobs number coming next friday. if it's bad, could it tip the election? plus scoops and predictions right from the notebooks of these top chris: welcome back. this friday, we're going to get last...
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Oct 30, 2012
10/12
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he did not pay his taxes once, he did not pay his taxes three times. he is raising your taxes and is not paying his own. when he was asked why he did not pay his taxes, his answer was that he forgot. maybe the understand that once or twice but three times, you forgot to pay your taxes? you are on the banking committee that deals with mortgages. if you are not paying your own taxes. the reason congress has a 10% approval rating, is because they think they can live by one set of rules. it is so proud to stand up for lower taxes. i helped pass the first property tax rollback in the history of the county. >> this is simply not true, again, but i have come to expect that. he did not answer the question about grover norquist. it is not just talking about middle-class taxes. he has a fast against raising taxes on hedge fund operators, who pays more than mitt romney -- coupes -- who paid significantly lower tax then it an mitt romney does and most of us to. he says you cannot raise taxes on many millionaires were millionaires. the worst part is, i know the oil
he did not pay his taxes once, he did not pay his taxes three times. he is raising your taxes and is not paying his own. when he was asked why he did not pay his taxes, his answer was that he forgot. maybe the understand that once or twice but three times, you forgot to pay your taxes? you are on the banking committee that deals with mortgages. if you are not paying your own taxes. the reason congress has a 10% approval rating, is because they think they can live by one set of rules. it is so...
SFGTV2: San Francisco Government Television
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Oct 31, 2012
10/12
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you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay terminal next to bart, next to cal train this is a great project and has so much commuter friendly things going on there, and as far as i am concerned when it comes to development in san francisco it's got to stop. >> all right. thank you sir. >> there are three parts of the economy, the consumer, the investment and the government. the only reason thing that has grown on a rapid rate is the government. the government gets their revenues through taxation or borrowing money. the problem is the regulations are hurting small businesses. 2/3 of all jobs are created by small business which are considered -- cha
you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay...
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Nov 3, 2012
11/12
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we got it with no taxes. that is the bottom line. >> this is not just for farmers and ranchers but for all businesses. it should not exist in the first place. my great grandmother passed away. we had to sell a third of our ranch just to pay the down payment on the state tax. my sister and i had to go to the bank to follow the rest of the money. every single dollar, we had to borrow. essentially we were able to move the house up. no one should pay a death tax. i am the one that believes that there should be no death tax for everyone. you have been paying an income tax along the way and you will pay a capital gains tax if you try to enrich yourself by selling that property. >> could you do it for more than farmers and ranchers? >> 8 $10 exemption per couple would take care of this. on the other side of the coin, it would not help a company that is closing down and of shoring jobs. it would not help those that think that latin america is a better investment then the great state of montana. this would help to fam
we got it with no taxes. that is the bottom line. >> this is not just for farmers and ranchers but for all businesses. it should not exist in the first place. my great grandmother passed away. we had to sell a third of our ranch just to pay the down payment on the state tax. my sister and i had to go to the bank to follow the rest of the money. every single dollar, we had to borrow. essentially we were able to move the house up. no one should pay a death tax. i am the one that believes...
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Nov 4, 2012
11/12
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i will not raise any taxes on america right now because we are all taxed out. having said that, there is plenty underneath that i think both parties can come together on and agree on. >> you have a bipartisan spirit going into a washington was elected? if so, what are you willing to oppose your own party on. >> one of the things i have been clear about is the affordable can act. there are big flaws in it. we love kids with pre-existing conditions are covered. we like the seniors who cannot lose their health insurance just because they are seniors. or women do not have to pay more because there are women. most parents like they can cover their children up to age 26. there are real issues. this is the one of the first things i have said. businesses with a low profit margin, like restaurants, are really going to serve higher costs. that is not acceptable. >> a general question because we will get to that later on, you feel one of york first priorities will be to may be a challenge the president if obama is reelected, or challenge your party? >> i think we need to
i will not raise any taxes on america right now because we are all taxed out. having said that, there is plenty underneath that i think both parties can come together on and agree on. >> you have a bipartisan spirit going into a washington was elected? if so, what are you willing to oppose your own party on. >> one of the things i have been clear about is the affordable can act. there are big flaws in it. we love kids with pre-existing conditions are covered. we like the seniors who...
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Oct 28, 2012
10/12
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FBC
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that's not how it works. >> it would act on a tax increase on a lot of people. >> and you can't tax-- >> and you if, phase it >> hold on. >> a $300,000 home-- >> this benefit primarily, it starts to phase out. over like a million dollars all of a sudden you're paying the marginal rate and the deducon, even the mortgage deduction, 1 million dollars. the point is, the effect is t make the tax code lets progressive, ultimaty somebody making $100,000 a year with a house with health care plan paid by the company is going to pay a higher rate and making 2 million dollars, those deductions got phased out after 2, 300,000, to the higher and lower rates-- >> hold on, that's got to be the last word. i love you guys, you get so passionate about taxes, i am so lucky. all right, no within's been following what this election means to your money, your job, and your taxes, like who else, but neil cavuto and he's back at it next weekend. first on saturday for a special cost of freedom, your ballot, your bucks, starting at 10 a.m. easte and then back on sunday for a special your world at 4 p.m. for nei
that's not how it works. >> it would act on a tax increase on a lot of people. >> and you can't tax-- >> and you if, phase it >> hold on. >> a $300,000 home-- >> this benefit primarily, it starts to phase out. over like a million dollars all of a sudden you're paying the marginal rate and the deducon, even the mortgage deduction, 1 million dollars. the point is, the effect is t make the tax code lets progressive, ultimaty somebody making $100,000 a year with...
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Oct 29, 2012
10/12
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FBC
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they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-president, his view o things and, his expression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no caseon economic grounds to raise taxes. joining me now, senior economic writer for the wall street journal, stephen moore, author of the new bok, the truth about opportunity, taxes, and wealth in america. great to have you with us. >> great to be with you. can i say something? this is really the problem in washington. you know, and it's not just joe biden. these politicians can't tell the difference between a billion and a trillion. the the numbers are so big now, everybody's eyes glaze over. a trillion dollars, million million. all lot of zeros. lou: and you know what, we, like you, cover these big numbers all the time. and i can't blame anyone whose eyes glaze over on these numbers abstraction's beyond comprehension irrespective of who is speaking abo
they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-president, his view o things and, his expression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no caseon economic grounds to raise taxes. joining me now, senior economic writer for the wall street journal, stephen moore, author of the new bok, the truth about...
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Oct 31, 2012
10/12
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the least taxed state. we have no income tax, no sales tax. both the democrat and republican candidates will campaign on that issue, pledging that they will not have an income tax or sales tax. are gubernatorial candidates right now are both running on that issue, as a matter of fact. host: talk about the recant loss in the state of new hampshire. is it -- recount alws in the -- laws in the state of new hampshire. what are the rules for that? guest: we have a fine secretary of state who is quite experienced in this. he is the person who has been a keeper of the flame for the new hampshire primary. we had a famous 3 count here in the late 1970's with senator john durkin, who recently passed away. i do not see it coming down to that. we will see what happens on tuesday. other states may be more likely to have a recount then you hampshire. host: what about voter i.d. laws? do you have them? guest: >> there is some controversy. the legislature passed a voter law that require people to swear that they would, if they were going to vote in a certain
the least taxed state. we have no income tax, no sales tax. both the democrat and republican candidates will campaign on that issue, pledging that they will not have an income tax or sales tax. are gubernatorial candidates right now are both running on that issue, as a matter of fact. host: talk about the recant loss in the state of new hampshire. is it -- recount alws in the -- laws in the state of new hampshire. what are the rules for that? guest: we have a fine secretary of state who is...
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notes tax analyst dot com a washington based weekly tax journal she covers all areas of tax law including international and corporate taxation welcome to the kaiser report. thank you for having me all right lisa shepard why should the u.s. kill high frequency trading as you recently suggested in the pages of forbes magazine ok let's let's get our ducks in a row and think about what we're talking about here we're using high frequency trading as a shorthand for some practices that the exchanges allow and the f.c.c. sanctions that algorithmic traders are using so we have to sort of keep in mind the. rule in the whole mess and the premise of my piece is that. we can't really. leave the job to the f.c.c. to stop this part because they created it now we have in the united states lots and lots of markets they are all electronic and the f.c.c. wanted them to be that way we've this has been a sort of thirty year process to make the markets all leck tronic so computers are doing the trading but because we now have a zillion little markets we have more than fifty little bitty markets and we have fou
notes tax analyst dot com a washington based weekly tax journal she covers all areas of tax law including international and corporate taxation welcome to the kaiser report. thank you for having me all right lisa shepard why should the u.s. kill high frequency trading as you recently suggested in the pages of forbes magazine ok let's let's get our ducks in a row and think about what we're talking about here we're using high frequency trading as a shorthand for some practices that the exchanges...
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good evening john i was wondering if anyone had ever done a study on the bush tax cuts. it's never been a knack how much more money would be. against a deficit of the united states it's got to be billions of dollars that would have been earned by our government and. and that amount of time i was wondering if have you or anyone know that the center for american progress has published it on their think progress blog durley i very much appreciate you bringing up this topic because you're absolutely right it's a graphic that we often throw up on the screen that shows the composition of the deficit right now the republicans are all screaming about the deficit if you look at that deficit what you find is that about half of it a little a little less than half of that is the bush tax cuts another a little less than half of it is is the two wars that there were that george bush put on the credit card and medicare part d. word he said that the government can't go she had drug prices so medicare is paying twice as much for drug prices as the military does and then the remainder is
good evening john i was wondering if anyone had ever done a study on the bush tax cuts. it's never been a knack how much more money would be. against a deficit of the united states it's got to be billions of dollars that would have been earned by our government and. and that amount of time i was wondering if have you or anyone know that the center for american progress has published it on their think progress blog durley i very much appreciate you bringing up this topic because you're...
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Oct 29, 2012
10/12
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i cut taxes 91 times. we built four-lane highway, east and west and north and south so companies with big a to get their products to market. we created an opportunity for manufacturing, 88,000 jobs in the manufacturing sector. we had unemployment below 2% in milwaukee. we had jobs so many that people were saying to me, slowdown, we don't have enough people to take the jobs. that's the kind of economy i built in the state of wisconsin. at the kind of economy, the kind of innovations when i was governor, the same kind of innovations i can take to washington. we're going to use our vocational training. i spent a lot of money on vocational training and are as governor, because i wanted individuals to be book-to-bill things. i want welders, i want somebody that's a carpenter, to be able to have that opportunity. s why i put so much money and emphasis on the trades, vocational schools, and i was governor, able to give them the education. finally, about mining. we have an opportunity to help a huge amount of jobs
i cut taxes 91 times. we built four-lane highway, east and west and north and south so companies with big a to get their products to market. we created an opportunity for manufacturing, 88,000 jobs in the manufacturing sector. we had unemployment below 2% in milwaukee. we had jobs so many that people were saying to me, slowdown, we don't have enough people to take the jobs. that's the kind of economy i built in the state of wisconsin. at the kind of economy, the kind of innovations when i was...
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Oct 28, 2012
10/12
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they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-psident, his view on things and, his expression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no case on economic grounds to raise taxes. joining me now, senior economic writer for the wall street journal, stephen moore, author of the new book, the truth about opportunity, taxes, d wealth in america. great to have you wth us. >> great to be with you. can i say something? this is really the problem in washington. you know, and it's not just joe biden. these politicians can't tell the difference between a billion and a trillion. the the numbers are so big now, everybody's eyes glaze over. a trillion dollars, million million. all lot of zeros. lou: and you know what, we, like you, cover these big numbers all the time. and i can't blame anyone whose eyes glaze over on these numbers abstraction's beyond comprehension irrespective of who is speaking about
they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-psident, his view on things and, his expression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no case on economic grounds to raise taxes. joining me now, senior economic writer for the wall street journal, stephen moore, author of the new book, the truth about...
SFGTV2: San Francisco Government Television
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Nov 3, 2012
11/12
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SFGTV2
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it's an 8-year tax. it's a finite tax. >> well, you know they say the only things permanent are death and taxes. once a new tax is implemented we often find even though it's called temporary when it gets passed, it ends up bking permanent or longer term than was discussed. i would love for my colleague here to tell us that she won't support extending that tax beyond the 8 years if it were to pass, but i believe that there's other ways that city college can stay afloat and continue to serve a declining student population. they might close some of the new campuses they've opened recently and consolidate facilities. >> thank you. do you want to offer comments to starchild's opposition? >> i think the, one of the primary things we need to remember is that city college of san francisco, which is an institution that san francisco really counts on, i think, for both our economy and for all of the community, has been operating under duress for a number of years. we can and we will make the smart reforms, we alre
it's an 8-year tax. it's a finite tax. >> well, you know they say the only things permanent are death and taxes. once a new tax is implemented we often find even though it's called temporary when it gets passed, it ends up bking permanent or longer term than was discussed. i would love for my colleague here to tell us that she won't support extending that tax beyond the 8 years if it were to pass, but i believe that there's other ways that city college can stay afloat and continue to...
SFGTV: San Francisco Government Television
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Nov 3, 2012
11/12
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SFGTV
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payroll tax exclusion. so that would be a total reduction in city revenues of about $8 million over the four-year period of the exclusion. under the proposed ordinance, the estimated reduction in city revenues would be $7.3 million over the four-year term of the exclusion. if the voters do approve the gross receipts tax proposed under proposition e. we also point out on page 7 of the report that the office of the treasurer and tax collector is working with the mayor and the controller's office to identity funds to pay for an estimated additional one-time programming and related costs, which are needed. they are estimated at $55,000. we consider approval a policy matter of the two recommendations that we have is to amend the proposed ordinance and this is for clarification purposes as to the intent. if a person is exempt from filing a payroll tax, the regulations code 6.9-2 in the base year, the person's base year payroll tax shall be $150,000 and the purpose of calculating this exclusion. and with my recomm
payroll tax exclusion. so that would be a total reduction in city revenues of about $8 million over the four-year period of the exclusion. under the proposed ordinance, the estimated reduction in city revenues would be $7.3 million over the four-year term of the exclusion. if the voters do approve the gross receipts tax proposed under proposition e. we also point out on page 7 of the report that the office of the treasurer and tax collector is working with the mayor and the controller's office...
SFGTV2: San Francisco Government Television
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Nov 2, 2012
11/12
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we are being asked to pay, we are being asked to pay tra taxes while tweeter receives a tax break. hidden in the tax break deal for twitter was also their own muni bus that went directly just to their location as well as a police substation in their area. those services are paid for with taxpayer money. tax payers are required to foot the bill for this, although twitter has enough money where it could also contribute something to the community for helping us provide those services in that area. in district five, i believe that there are three main areas that need a lot of attention but i would like to work on. we need affordable housing, not just low-income housing but affordable housing for people in san francisco with average incomes. we also need to improve muni and public transportation as well as improve public safety. with affordable housing, i would like to see us actually negotiate projects that build housing that is affordable, rather than allowing developers to pay a fee in lieu of building housing that is less expensive. sustainable housing is just as important as privat
we are being asked to pay, we are being asked to pay tra taxes while tweeter receives a tax break. hidden in the tax break deal for twitter was also their own muni bus that went directly just to their location as well as a police substation in their area. those services are paid for with taxpayer money. tax payers are required to foot the bill for this, although twitter has enough money where it could also contribute something to the community for helping us provide those services in that area....
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taxes but no i don't think that it might raise taxes but they should not raise taxes what they need to do miss those two is cut spending they need because spending more than that with a chainsaw they need to go in. spin and you will spend staggering amounts of money you know nothing well and look at i can bring up a chart of deficit spending and how the deficits just compare over time over the years and how staggering they have become i mean look at second only to think that was world war two that huge deficit as a percentage piece so yes huge staggering deficits you say the debt is even just so much larger than it was in the last recession do you think it's going to make a material difference this time though because going back to the ninety's there was a recession ninety two that was a big topic of the election was government debt and it was a fraction of the percentage of g.d.p. it is now so what kind of a material difference would it make with the largest debtor nation in the history of the world not the largest debtor nation in the world the largest debtor nation in the history
taxes but no i don't think that it might raise taxes but they should not raise taxes what they need to do miss those two is cut spending they need because spending more than that with a chainsaw they need to go in. spin and you will spend staggering amounts of money you know nothing well and look at i can bring up a chart of deficit spending and how the deficits just compare over time over the years and how staggering they have become i mean look at second only to think that was world war two...
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Nov 4, 2012
11/12
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FOXNEWS
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in 2011, little noi raised corporate taxes, raised income taxes, guess what? in the next two months, unemployment surged and businesses tried to flee the state. a real mess. >> paul: and choice seems to be if you're going to put any pressure on the politicians in sacramento to reform, a lot of businesses, jerry brown has been-- they've been chipping in, they think they're going down. and the middle class has been exiting california more than the rich. the hollywood guys and silicon valley folks can afford taxes, but the middle class employed by small businesses that end up moving to nevada, idaho, and elsewhere. so, colin, let's talk about michigan which you've been following and you've got the -- the battle over the collective bargaining, making collective bargaining a constitutional right in the state. and then there's a battle for the supreme court, too. are the unions going to win these two? >> you know, paul, a lot has changed in the past week and i don't think they're going to win it. it's looking tough, but right now about 52% of voters are saying they
in 2011, little noi raised corporate taxes, raised income taxes, guess what? in the next two months, unemployment surged and businesses tried to flee the state. a real mess. >> paul: and choice seems to be if you're going to put any pressure on the politicians in sacramento to reform, a lot of businesses, jerry brown has been-- they've been chipping in, they think they're going down. and the middle class has been exiting california more than the rich. the hollywood guys and silicon valley...
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Nov 2, 2012
11/12
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WMPT
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i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can outperform in a rising interest rate environment-- which is another thing we're worried about-- longer term makes some sense. >> tom: so rising interest rate environment, possibly higher inflation, higher taxes. not exactly the most shiny of forecasts for investors. >> well, there is something you can do about it. you can avoid that tax drag by maximizing your investments in qualified plans. you can keep up with modest inflation by making sure you have your asset allocation mix >> allocation mix right. inflation picks the pocket of the bond investor. but dividends can keep up with a modestly rising inflationary envi
i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can...
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Oct 28, 2012
10/12
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KBCW
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prop 30 would show income taxes on the measure and raise sale's tax by a quarter of a percent. >> it could have a devastating affect on education in california if it fails. >> schools and colleges could face around $6 billion in cuts. >> trigger cuts as they have been called. the small business action committee is pushing hard to defeat the measure saying higher taxes would dry away jobs. >> and for more on that we sat gown with governor jerry -- down with governor jerry brown with the news director. this isn't the first time the voters have been asked to bail out the state budget and we keep sliding back. so, why should we go for it this time. >> the last war is the money for schools. on or off. either money in the schools or money out of schools. i wish it didn't have to be this way, but at the end of the day i hope people know that 99% of the people will not pay this income tax. it is only 1%. and what people will pay is a penny when they get a $4 cappuccino or sandwich. a penny. if you buy a $8 purchase, it is two pennies. we have been cutting taxes, raising tuition and shortenin
prop 30 would show income taxes on the measure and raise sale's tax by a quarter of a percent. >> it could have a devastating affect on education in california if it fails. >> schools and colleges could face around $6 billion in cuts. >> trigger cuts as they have been called. the small business action committee is pushing hard to defeat the measure saying higher taxes would dry away jobs. >> and for more on that we sat gown with governor jerry -- down with governor jerry...
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Oct 28, 2012
10/12
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WRC
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stabilization of taxes and for some, a tax cut. regulators that use common sense and not overdue it. we have strong regulations on oil and gas. the toughest in the country. we don't overdo it. when people understand certainty, they invest. this is not theory. i was in business for ten years. we had a lot of people that had never been in business their entire lifetime. they don't understand it. i do understand it. when they are confident of the future, they can invest. there's a lot of money on the sidelines. if romney wins, i think we'll see an improved economy. that's why i'm for him. i want ohio to do better than we are. >> an attack line from the president is that romney is not one of us. that's what's running in his ads. it's supporting auto workers in your state. here is an editorial last sunday. the question is, which romney are voters going to get? which romney would they elect. the liberal one who ran for senate in '94, the pragmatic governor, the candidate of this year's gop primary? all politicians change positions over t
stabilization of taxes and for some, a tax cut. regulators that use common sense and not overdue it. we have strong regulations on oil and gas. the toughest in the country. we don't overdo it. when people understand certainty, they invest. this is not theory. i was in business for ten years. we had a lot of people that had never been in business their entire lifetime. they don't understand it. i do understand it. when they are confident of the future, they can invest. there's a lot of money on...
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Nov 3, 2012
11/12
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KQEH
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you can avoid that tax drag by maximizing your investments in qualified plans. modest keep up with inflation by making sure you have your asset allocation mix right. inflation really picks the pocket of the bond investor, but dividend paying stocks and dividends of the markets can keep up with a modestly rising inflation environment. we have seen dividend increasesi some in the s & p this year and we have seen it as si sign of confidence in the management and we think they will put the cash to work oncemathe uncertainty of the election is out. >> energy is one of the stowks like, traditionally a dividend area. but the price of energy stocks has gotten hit lately. >> itth has. sectors underperformed but the balance sheetstare in very good shape. we think th supply-demand dynamics there are quite good, and that cash flow again can be a nice source of income for income-oriented investors. >> tom: heah care meantime, continues to march higher, despite uncertainties regarding the election. hhat do you wait this? >> we like health care. well,ctually done quite but the
you can avoid that tax drag by maximizing your investments in qualified plans. modest keep up with inflation by making sure you have your asset allocation mix right. inflation really picks the pocket of the bond investor, but dividend paying stocks and dividends of the markets can keep up with a modestly rising inflation environment. we have seen dividend increasesi some in the s & p this year and we have seen it as si sign of confidence in the management and we think they will put the cash...
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Nov 2, 2012
11/12
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CSPAN
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with federal income tax 35%, payroll tax, state income tax, state sales tax, real estate tax, gasoline tax. they said over 50% of what their business makes they send to government. he said think about this. when you start a small business your chance of succeeding is not real high. the failure rate on small business is pretty significant. if and if you succeed the government wants more than half of what you make. so businesses are less likely to get started and hire people. so i want to bring the tax rates down. the president wants to raise tax on small business. i would not raise taxes on small businesses or on middle class america. we've also got to get regulators to see that their job is in helping businesses not killing them. big business can handle regulations by the way. it slows them down but they can handle it because they have all the lawyers in the world. you got to make it easier for small business. obama care is one of the things i heard. obama care the cost per employ was back breaking and they couldn't finances it. so one thing we've got to do if we want to keep jobs is g
with federal income tax 35%, payroll tax, state income tax, state sales tax, real estate tax, gasoline tax. they said over 50% of what their business makes they send to government. he said think about this. when you start a small business your chance of succeeding is not real high. the failure rate on small business is pretty significant. if and if you succeed the government wants more than half of what you make. so businesses are less likely to get started and hire people. so i want to bring...
SFGTV2: San Francisco Government Television
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Nov 1, 2012
11/12
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SFGTV2
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i do pay a higher tax rate and i think that is fine. but the people who are successful in our society are increasingly asked asked to bear more and more of the share of the tax burden as opposed to making sure that all citizens understand that if we are going to have a world class education system we have to balance that against other things. we cannot both have a big bullet train to nowhere that is going to cost probably over $billion dollars and have a world class system. i hope for the american dream to continue here in california and i hope to have the opportunity one day represent the voters of san francisco and play my role in the public service and i come mend the senator for doing that and sacrificing his career in that regard and i hope to be able to join him one day, thank you. >> i inseerly thank the an dates, on behalf of the league of san francisco, and the jr. league of san francisco. the university of california san francisco, the san francisco public librariry and our media partner, san francisco government television. a
i do pay a higher tax rate and i think that is fine. but the people who are successful in our society are increasingly asked asked to bear more and more of the share of the tax burden as opposed to making sure that all citizens understand that if we are going to have a world class education system we have to balance that against other things. we cannot both have a big bullet train to nowhere that is going to cost probably over $billion dollars and have a world class system. i hope for the...
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Oct 30, 2012
10/12
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CSPAN2
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you have refused to ri lease your tax -- release your tax returns. why is that? to congressman dold, do you believe governor romney should release his returns? schneider: what i think people want to know are included -- >> moderator: doesn't show what you pay in taxes. dold: it does not. that's been reported as well. my wife has her own career. she is a professional. she has clients and competitors. she's not running for congress. i believe my wife has the right to a certain degree of privacy. everything voters want to know -- >> moderator: some would say that they're entitle today transparent is si from a candidate. schneider: i've released my returns. i believe the voters do have a right to transparency, and, frankly, the fact that we don't know what deduction cans were taken, we don't know if taxes were paid on domestic employees, we don't know any of those types of things and i think that, obviously, we know from past history these are some of the things that voters have wanted to know and have tripped up potential -- >> moderator: those are all legitimate or
you have refused to ri lease your tax -- release your tax returns. why is that? to congressman dold, do you believe governor romney should release his returns? schneider: what i think people want to know are included -- >> moderator: doesn't show what you pay in taxes. dold: it does not. that's been reported as well. my wife has her own career. she is a professional. she has clients and competitors. she's not running for congress. i believe my wife has the right to a certain degree of...
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Oct 27, 2012
10/12
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FBC
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they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-president, his view on things and, his epression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no case on economic grounds to raise taxes. joining menow, senior economic writer for the wal street journal, stephen moore, author of the new book, the truth about opportunity, taxes, and wealth in america. great to have you with us. >> great to be with you. can i say something? this is really the problem in washington. you know, and it's not just joe biden. these politicians can't tell the difference between a billion and a trillion. the the numbers are so big now, everybody's eyes glaze over. a trillion dollars, million million. all lot of zeros. lou: and you know what, we, like you, cover these big numbers all the time. and i can't blame anyone whose eyes glaze over on these numbers abstraction's beyond comprehension irrespective of who is speaking abo
they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-president, his view on things and, his epression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no case on economic grounds to raise taxes. joining menow, senior economic writer for the wal street journal, stephen moore, author of the new book, the truth about...
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Nov 3, 2012
11/12
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CURRENT
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clinton increased taxes and we had jobs than when bush cut taxes. yet average economic growth during the years was better than it has been since. look at nations even in germany and europe scandinavia, they have faster economic growth, particularly germany and scandinavia and higher wages than we have even with the europe crisis, yet their taxes on the wealthy are much higher than ours. this whole supply of economics approach is pure bunk. >> eliot: you know, yourer you're using the academic word for it, bunk. i appreciate that. that's what we need to hear. >> i'll use the joe biden word, malarky. >> eliot: i'm taking either one. there is still the centerpiece of the argument from the other side, the notion that austerity and you referred to european track record, the idea that austerity would settle the crisis. in europe what has it led to. >> a deeper and deeper recession, and worse recession in comparison to the rest of the economy. the huge issue is not the deficit number itself. it's the ratio of the debt to the economy over all. if the economy
clinton increased taxes and we had jobs than when bush cut taxes. yet average economic growth during the years was better than it has been since. look at nations even in germany and europe scandinavia, they have faster economic growth, particularly germany and scandinavia and higher wages than we have even with the europe crisis, yet their taxes on the wealthy are much higher than ours. this whole supply of economics approach is pure bunk. >> eliot: you know, yourer you're using the...
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Oct 27, 2012
10/12
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CNNW
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there are also monster tax increases that will take effect and as the bush tax cuts expire, the amt tax expires, i could go on and on, payroll tax holiday, nonpartisan tax policy center say american households face on average 3500 in higher taxes next year. middle income earners would see an increase of two grand. the wealthiest will pay more than $1,000 a month in taxes next year and yet no indication that either candidate has a plan to avert the fiscal cliff. ali, who has more leverage? the president or congress? it's a big problem. >> it's a very big problem. we have the same frustration. we've been asking these questions for months. i am fascinated it doesn't come up more and i think candy crowley is right, it's not going to come up in the next few days before the election. christine, thanks very much for that. we'll keep trying. that brings me to my next guest, norm onstein at the american enterprise institute and coa author of the book "even worse than it looks." the candidates are not talking about the fiscal cliff. no matter who wins there will have to be some resolution with co
there are also monster tax increases that will take effect and as the bush tax cuts expire, the amt tax expires, i could go on and on, payroll tax holiday, nonpartisan tax policy center say american households face on average 3500 in higher taxes next year. middle income earners would see an increase of two grand. the wealthiest will pay more than $1,000 a month in taxes next year and yet no indication that either candidate has a plan to avert the fiscal cliff. ali, who has more leverage? the...
SFGTV2: San Francisco Government Television
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Nov 1, 2012
11/12
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SFGTV2
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should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these rentals advertise and i have used these apartments as rentals for either a few days or one week and it's kind of nice to be there so i would support it and once you have it legalized you have again another base of revenues to tax and if they do advertisement and most will or go through an agency people would know about it, so it's not like -- right now we're gaining nothing and people are doing it anyways so why don't we take advantage of the fact we legalize it and actually increase our tax revenue. >> thank you sir. >> well, i know this issue got some press earlier this year but i don't know how widespread it is. i mean is this a real issue that really needs to be dealt with or is this solutions looking for a problem? i just don't know. i would to know how how widespread it is and if it's taking a bite of out of the city's tourist dollars or getting more press than it should? i don't know th
should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these rentals advertise and i have used these apartments as rentals for either a few days or one week and it's kind of nice to be there so i would support it and once you have it legalized you have again another base of revenues to tax and if they do advertisement and most will or go through an agency people would know about it, so...
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Nov 1, 2012
11/12
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CSPAN
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tax and then if you add other taxes t payroll tax, the state income tax if you have one, real estate tax, sales tax, well you can find small businesses spending as much as 50% of what they earn on government, on taxes. and as a result of that you have a lot of people saying why would i start a business if i'm lucky enough to have it successful the government is going to take half of what i make back. canada has lowered their corporate tax rate to 15%. ours is 35. they've lowered to 15, why? not because they want less money. they know if businesses grow and thrive there they will get more money. so that's how it works. so i want to bring our tax rates down to help small businesses and make it easier for people to start them. i want to make sure we understand how to make regulations work for small business. by the way some people in our party say we want to deregulate. that's an overstatement. we want to get rid of excessive regulation. we know you have to have some to make our economy work. but sometimes regulators look at businesses like they're the enemy. and i have small businesses
tax and then if you add other taxes t payroll tax, the state income tax if you have one, real estate tax, sales tax, well you can find small businesses spending as much as 50% of what they earn on government, on taxes. and as a result of that you have a lot of people saying why would i start a business if i'm lucky enough to have it successful the government is going to take half of what i make back. canada has lowered their corporate tax rate to 15%. ours is 35. they've lowered to 15, why? not...
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Nov 1, 2012
11/12
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CSPAN
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with federal income tax 35%, payroll tax, state income tax, state sales tax, real estate tax, gasoline tax. they said over 50% of what their business makes they send to government. he said think about this. when you start a small business your chance of succeeding is not real high. the failure rate ob on smull business is pretty significant. if and if you succeed the government wants more than half of what you make. so businesses are less likely to get started and hire people. so i want to bring the tax rates down. the president wabts to raise tax on small business. i would not raise taxes on small businesses or on middle class america. we've also got to get regulators to see that their job is in helping businesses not killing them. big business can handle regulations by the way. it slows them down but they can handle it because they have all the lawyers in the world. you got to make it easier for small business. obama care is one of the things i heard. obama care the cost per employ was back breaking and they couldn't finances it. so one thing we've got to do if we want to keep jobs i
with federal income tax 35%, payroll tax, state income tax, state sales tax, real estate tax, gasoline tax. they said over 50% of what their business makes they send to government. he said think about this. when you start a small business your chance of succeeding is not real high. the failure rate ob on smull business is pretty significant. if and if you succeed the government wants more than half of what you make. so businesses are less likely to get started and hire people. so i want to...
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Oct 30, 2012
10/12
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CSPAN
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reduction tax. i was curious. when you really look at that, what we're doing there with the people that helped, needed help, i agree, and the reason those people needed help is because congress for years now has not had the backbone and the leadership to get the hard decisions made, to get government downsized, get deficit spending stopped and quit borrowing money from china. we have to quit doing that and we've had -- senator, you've been, with all due respect, in the senate for six years and still we do not have an economy that's roaring. we got to do that and we still have this huge, huge deficit spending. but the fiscal cliff, bottom line, has been caused by lask leadership in the former congresses and we keep just wasting the type and the american people are needing jobs and my opponent here has not come forward with a plan. i come forward with plain on how to grow this economy, a five-step plan and it involves, end deficit spending, get the tax code simplified, where it will eliminate all the
reduction tax. i was curious. when you really look at that, what we're doing there with the people that helped, needed help, i agree, and the reason those people needed help is because congress for years now has not had the backbone and the leadership to get the hard decisions made, to get government downsized, get deficit spending stopped and quit borrowing money from china. we have to quit doing that and we've had -- senator, you've been, with all due respect, in the senate for six years and...
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Oct 29, 2012
10/12
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MSNBC
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a stabilization of taxes and for some people, a tax cut. and we will have regulators that will use common sense and not overdo it. we have strong regulations here on oil and gas that on fracking, the toughest in the country, but we don't overdo it when people understand certainty, they invest, david look this is not theory. i was in business for ten years. we had a lot of people around debating, never been in business in their entire lifetime. and they don't understand it, i do understand it. and the fact is, when they are confident of the future, they can then invest. and there's a lot of money sitting on the sidelines, if romney wins, i believe we're going to see a significantly improved economy. that's why i'm for him. i want ohio to do a lot better than we currently are. >> let me ask you this. >> one of the big attack lines of the president is that romney is not one of us. that's what running in his ads, about supporting auto workers in your state. separately, here was the "cleveland plain dealer" editorial last sunday. this is what it
a stabilization of taxes and for some people, a tax cut. and we will have regulators that will use common sense and not overdo it. we have strong regulations here on oil and gas that on fracking, the toughest in the country, but we don't overdo it when people understand certainty, they invest, david look this is not theory. i was in business for ten years. we had a lot of people around debating, never been in business in their entire lifetime. and they don't understand it, i do understand it....
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Nov 2, 2012
11/12
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you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay terminal next to bart, next to cal train this is a great project and has so much commuter friendly things going on there, and as far as i am concerned when it comes to development in san francisco it's got to stop. >> all right. thank you sir. >> there are three parts of the economy, the consumer, the investment and the government. the only reason thing that has grown on a rapid rate is the government. the government gets their revenues through taxation or borrowing money. the problem is the regulations are hurting small businesses. 2/3 of all jobs are created by small business which are considered -- cha
you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay...
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Nov 3, 2012
11/12
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taxes on investment income would rise. payroll taxes would increase. huge federal spending cuts would be triggered. 1 trillion dollars over 9 years, with the pentagon absorbing about half those cuts. by one estimate, the defense industry alone could lose more than 300 thousand jobs. and some 2 million already unemployed americans would lose their benefits. news reports say that a bipartisan senate group is already trying to fashion an agreement combining spending cuts with a tax code overhaul to keep the country out of a new recession. >> and just last week chief executives of 80 major corporations urged congress to fashion a deal to reduce the deficit and said that increased tax revenues have to be part of the bargain. but an overwhelming majority of house and senate republicans have signed the norquist no tax pledge. so many observers think the best congress will be able to do is pass a stopgap measure to get the nation through the immediate crisis. >> they have to violate that pledge if you are gonna come up with a resolution of the fiscal cliff tha
taxes on investment income would rise. payroll taxes would increase. huge federal spending cuts would be triggered. 1 trillion dollars over 9 years, with the pentagon absorbing about half those cuts. by one estimate, the defense industry alone could lose more than 300 thousand jobs. and some 2 million already unemployed americans would lose their benefits. news reports say that a bipartisan senate group is already trying to fashion an agreement combining spending cuts with a tax code overhaul...
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Nov 3, 2012
11/12
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tax proposals? >> in 2007, i signed it the grover norquist pledge. in 2010 i was asked to sign it again, and i did not. >> you changed on that? >> i do not believe we need to raise taxes at this time and i do not need to sign a pledge to do that. >> we have to be realistic about what we are going to do and make tough decisions. i talked to people who are affluent and they do not mind paying more. >> we will continue the discussion about the economy, and whether the math really adds up for the deficit. we will look at some of the numbers, all of that on the other side of the debate. please stay with us. welcome back to the continuation of our debate. with us today, congressman allen west and patrick murphy. we will continue our discussion with george bennett. >> we left hanging on the deficit. you are opposed to raising taxes. the deficit this past year was $1.1 trillion. if you are not going to raise taxes, what are the things you can cut to get close to erasing a $1.1 trillion deficit? >> we should
tax proposals? >> in 2007, i signed it the grover norquist pledge. in 2010 i was asked to sign it again, and i did not. >> you changed on that? >> i do not believe we need to raise taxes at this time and i do not need to sign a pledge to do that. >> we have to be realistic about what we are going to do and make tough decisions. i talked to people who are affluent and they do not mind paying more. >> we will continue the discussion about the economy, and whether the...
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Oct 31, 2012
10/12
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tax policy. what would you do? >> i have opposed the czars, but it would be a tempting appointment -- the first thing i would do is make the bush tax brackets permanent so there is long-term predictability. then i would go to work to sell to the public the idea that, as ronald reagan said, the federal government has the first lien on productivity and punishes production -- we remove all taxes off of production and put them on consumption. we can transform this policy. that is a piece i have gone around and talked about. i've talked about it each year i have been in congress. i asked mrs. vilsack to debate that with me, but i did not get an invitation. >> i would also like you to respond to that and outline what tax policy would implement. >> it would not be the fair tax. i do not think there is anything fair for the middle- class about a fair tax. basically, when i went to the grocery store this morning i bought milk for $3.55. if i had to pay 23% of every gallon of milk, 22% sales tax every time i bought a car sea
tax policy. what would you do? >> i have opposed the czars, but it would be a tempting appointment -- the first thing i would do is make the bush tax brackets permanent so there is long-term predictability. then i would go to work to sell to the public the idea that, as ronald reagan said, the federal government has the first lien on productivity and punishes production -- we remove all taxes off of production and put them on consumption. we can transform this policy. that is a piece i...
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and sharon and i'm sure they would agree with me on this you have to factor a tax hike got illinois taxes my income taxes went out from three to five percent you know that's two percentage points were right out of my paycheck bubble and yet you know across the board sales taxes are going up look at california right now it's got a post out of the other day you're talking about a temporary tax and rates for something like a seven or twelve year when you go to grave you know temporary seven years. that operate taxes keep going up yeah that's not factored into the c.p.i. up right so you know we don't get wages you know. groceries you go to the grocery store all of a sudden you're paying six percent per on tax and groceries well you're panicking yeah yeah and you know that's two percent that's your in the might be your entire salary right just going up crease taxes right so you know it's not factored in the c.p.i. that's not it's back there down to real a way to say oh you say oh you know your wages were this last year well what about your benefit what about. right. group of all member. real w
and sharon and i'm sure they would agree with me on this you have to factor a tax hike got illinois taxes my income taxes went out from three to five percent you know that's two percentage points were right out of my paycheck bubble and yet you know across the board sales taxes are going up look at california right now it's got a post out of the other day you're talking about a temporary tax and rates for something like a seven or twelve year when you go to grave you know temporary seven years....
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Oct 27, 2012
10/12
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FBC
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they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-president, his view on things and, his expression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no case on economic grounds to raise taxes. joining me now, senior economic writer for the wall street journal, stephen moore, author of the new book, the truth about opportunity, taxes, and wealth in america. great to have you with us. >> great to be with you. can i say something? this is really the problem in washington. you know, and it's not just joe biden. these politicians can't tell the difference between a billion and a trillion. the the numbers are so big now, everybody's eyes glaze over. a trillion dollars, million illion. all lot of zeros. lou: and you know what, we, like you, cover these big numbers all the time. and i can't blame anyone whose eyes glaze over on these numbers abstraction's beyond mprehension irrespective of who is speaking abo
they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-president, his view on things and, his expression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no case on economic grounds to raise taxes. joining me now, senior economic writer for the wall street journal, stephen moore, author of the new book, the truth about...
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efforts in the past decade and in two thousand and eight paid taxes at a rate. for a. one per cent i did i was like yes thank you thank you thank you to me thank you. cut you mean the kind of was immaculate to me like you thank you thank the to see the two thousand yes thank you but one could send out if you want but that a bit better than twenty five years if you look at it but read. we've been working for the culinary people in this club that's exactly what we do we may have been done at night but not elected to coop of the big thing would be. to say thank ye thank you i thank you enough to you thank you thank you thousand two thousand two thousand two thousand to do was to. make you. and free accreditation free transport charges free. range mentioned free risk free studio tied free. download free broadcast quality video for your media projects a free media party top. secret laboratory to mccurdy was able to build a most sophisticated robot which fortunately doesn't give a darn about anything tim's mission to teach music creation why it should care about humans in th
efforts in the past decade and in two thousand and eight paid taxes at a rate. for a. one per cent i did i was like yes thank you thank you thank you to me thank you. cut you mean the kind of was immaculate to me like you thank you thank the to see the two thousand yes thank you but one could send out if you want but that a bit better than twenty five years if you look at it but read. we've been working for the culinary people in this club that's exactly what we do we may have been done at...
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for this in the past decade and in two thousand and eight paid taxes at a rate. for a. one per cent thank you thank you thank you thank you thousand. thousand cut you think i have to make you think you really do me like you. thank you thank you thank us i thank you who was yes thank you thank you but one would think that if you want to get a little bit better than twenty five years of the nothing but preach do you think working p. q let me take the lead in just a couple of the things that we put up with who may have been done at night when the lesson to coop of the thank you to thank you thank you thank you thanks to thousand thank you thank you thank you thousand two thousand two thousand and six was you thank you chris. is waiting for fifteen goats to celts. forty kilograms of rice one thousand flatbreads. and a live. but why is the bride in a bad mood. to tell the group it's not the one. the role is a done deal. claim . the six america votes for its next president. who takes the wheel as the us drives into the feature. get the news the mainstream missives with up clo
for this in the past decade and in two thousand and eight paid taxes at a rate. for a. one per cent thank you thank you thank you thank you thousand. thousand cut you think i have to make you think you really do me like you. thank you thank you thank us i thank you who was yes thank you thank you but one would think that if you want to get a little bit better than twenty five years of the nothing but preach do you think working p. q let me take the lead in just a couple of the things that we...
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Nov 4, 2012
11/12
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you want to cut taxes more than he wants to cut taxes. you have only identified $1 trillion of tax deductions on companies he want to repeal. that is president obama's ideal. that leaves $6.50 trillion. how will you fill the hole? you wanted to reduce the long- term debt. how will the do that? see me about that after the election. he has no budget. i want to vote for the president who has a budget, who has a plan that will produce prosperity. i wanted to vote for the president who has been a good commander in chief. somebody who has brought to america on the other side it. lastly, just to remember this, governor mitt romney has promised us 12 million jobs. he said, by just electing me, people will be so elated that you are going to get 12 million jobs. it was just an oversight as the president has told us, america is in a huge public health -- it is spreading a condition known as romnesia. days before he promised you the twelve million jobs, a distinguished independent business forecaster says we are trying to get 12 million jobs ion the
you want to cut taxes more than he wants to cut taxes. you have only identified $1 trillion of tax deductions on companies he want to repeal. that is president obama's ideal. that leaves $6.50 trillion. how will you fill the hole? you wanted to reduce the long- term debt. how will the do that? see me about that after the election. he has no budget. i want to vote for the president who has a budget, who has a plan that will produce prosperity. i wanted to vote for the president who has been a...
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stuart: it the key to tax reform, by tax reform, lower rates on corporations and individuals, and get rid of some loopholes, is that the key to it. >> i think it's an important element and what's first key is to remind the american people, we can do this, we can grow more rapidly, it requires a different policy mix and yes, tax reform is a big part of it, on the corporate side and the individual side. stuart: glenn hubbard, a pleasure, don't be a stranger, come on back, love to see you. thank you, sir. president obama and governor romney virtually tied in a dead heat. key things that could make a romney victory-- and don't forget a special election varney for you, and on at 9:20 eastern as always and we'll be on at 5 p.m. for the special. let's get back to nicole, i've got two big names moving big time. priceline? show me. >> we're taking a look at priceline as talked about price line less than expected. it's a big winner and up 10%. it's certainly a winner here and europe is the reason it's better. you can hear the shouting because there are actually three ipo's today. the first ipo
stuart: it the key to tax reform, by tax reform, lower rates on corporations and individuals, and get rid of some loopholes, is that the key to it. >> i think it's an important element and what's first key is to remind the american people, we can do this, we can grow more rapidly, it requires a different policy mix and yes, tax reform is a big part of it, on the corporate side and the individual side. stuart: glenn hubbard, a pleasure, don't be a stranger, come on back, love to see you....
SFGTV: San Francisco Government Television
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Oct 27, 2012
10/12
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if voters adopt gross receipts tax]. this is ordinance amending the san francisco business and tax regulations code article 12-a by amending section 906.5 to prevent the payroll expense tax exclusion for small business net new payroll for years 2012 through 2015 from terminating in the event the voters of the city and county of san francisco pass a gross receipts tax. and your binder is the file number legislative digest, and we have a presentation by margo kelly, legislative aid to supervisor mark farrell. >> welcome. >> again, i'm a legislative aid to supervisor farrell. i'll be speaking on behalf of him today. the legislation that is before you today, it's clean-up legislation to supervisor farrell's payroll expense tax exclusion that was before this commission earlier this year. the original intent of the original legislation was for small businesses to take advantage of this from 2012 to 2015. and it was actually drafted before the gross receipts ballot initiative that's on the ballot cycle, that language had been f
if voters adopt gross receipts tax]. this is ordinance amending the san francisco business and tax regulations code article 12-a by amending section 906.5 to prevent the payroll expense tax exclusion for small business net new payroll for years 2012 through 2015 from terminating in the event the voters of the city and county of san francisco pass a gross receipts tax. and your binder is the file number legislative digest, and we have a presentation by margo kelly, legislative aid to supervisor...
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Oct 27, 2012
10/12
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FBC
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basically be part of that tax-free area, and so that third advantage is a big tax advantage. neil: but think about what your saying. all makes perfect business sense, but the president in all of these debates with mitt romney has been saying you want to ship these jobs of the china. here we have bailed out of the company's who we were told, you get this money, save american jobs. we literally are, after all of that, shipping those jobs to china. maybe the right and apparent big macro reasons, but to belittle mitt romney and to say that that is what you're all about, this isn't about casting aspersions on democrats or republicans. if it was a potential i think people would have said, no way in hell. that's what's happening. >> it's a classic example. with all due respect, president obama i obviously doesn't understand how our multinational company works. there is a board of directors, executives. they are responsible to shareholders to make wise decisions on how to run the operatiin. in fact, if there is a cheaper opportunity, a more effective opportunity, they are legally bou
basically be part of that tax-free area, and so that third advantage is a big tax advantage. neil: but think about what your saying. all makes perfect business sense, but the president in all of these debates with mitt romney has been saying you want to ship these jobs of the china. here we have bailed out of the company's who we were told, you get this money, save american jobs. we literally are, after all of that, shipping those jobs to china. maybe the right and apparent big macro reasons,...
WHUT (Howard University Television)
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Oct 29, 2012
10/12
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WHUT
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the greek government simply is not serious about tackling tax evasion. >> have the ministers involved given any explanation for not following up on the list? >> two of finance ministers have spoken publicly about this. the finance minister in 2010 says he did pass it on to the tax officials but that when he left the post it seems to have been lost, the cd containing the list. his successor says that he deemed it inappropriate to follow up, partly because it was detained unlawfully a leak by a bank employee in geneva. that is not washed with public with public opinion here. greeks don't like their politicians. there's a lot of anger against the political class for "lining while ordinary greeks are suffering. while ordinary greeks are struggling with austerity measures, others are stashing their money abroad in swiss bank accounts and possibly avoiding taxes. >> sounds like the court case will be interesting. thanks very much. the ukraine's ruling party has claimed victory in parliamentary elections. the party of regents has a significant lead and looks set to retain its majority in par
the greek government simply is not serious about tackling tax evasion. >> have the ministers involved given any explanation for not following up on the list? >> two of finance ministers have spoken publicly about this. the finance minister in 2010 says he did pass it on to the tax officials but that when he left the post it seems to have been lost, the cd containing the list. his successor says that he deemed it inappropriate to follow up, partly because it was detained unlawfully a...
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Nov 4, 2012
11/12
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you want to cut taxes more than he wants to cut taxes. you have only identified $1 trillion of tax deductions on companies he want to repeal. that is president obama's ideal. that leaves $6.50 trillion. how will you fill the hole? you wanted to reduce the long- term debt. how will the do that? see me about that after the election. [laughter] he has no budget. i want to vote for the president who has a budget, who has a plan that will produce prosperity. i wanted to vote for the president who has been a good commander in chief. somebody who has brought to america on the other side it. lastly, just to remember this, governor mitt romney has promised us 12 million jobs. he said, by just electing me, people will be so elated that you are going to get 12 million jobs. [laughter] it was just an oversight as the president has told us, america is in a huge public health -- it -- is in the grips of this huge public health and academic -- epidemic. is spreading a condition known as romnesia. [laughter] it is so prevalent that even his opponent coul
you want to cut taxes more than he wants to cut taxes. you have only identified $1 trillion of tax deductions on companies he want to repeal. that is president obama's ideal. that leaves $6.50 trillion. how will you fill the hole? you wanted to reduce the long- term debt. how will the do that? see me about that after the election. [laughter] he has no budget. i want to vote for the president who has a budget, who has a plan that will produce prosperity. i wanted to vote for the president who...
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Oct 30, 2012
10/12
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when you see taxes being withdrawn, there are taxes of what is given to my generation. it is immoral for us to keep spending what we don't have. i'll get us back. [applause] >> if you're -- if you're a 40- year old or 50-year old, in the primary years of your life -- you may not put away what you thought you could put away. the expectation was money from retirement. a lot of people who are employed find it hard to make ends meet. i was speaking to a guy from waukesha wisconsin. there is a wisconsonite. he got $23 plus benefit, now he can only find $8 without benefits. people in this country are having hard times unde the presidents economic policy. we've had four debates. there is no agenda. the president can't lay anything out except going down the same road. i call it, "forewarned." we know where this road heads. i actually have a plan. i have a plan to create 12 million new jobs. it has five parts. number one. we take advantage of oil, coal, and natural gas. >> two, we will open more trade, with latin america. latin america is an enormous economy. if nations cheat in
when you see taxes being withdrawn, there are taxes of what is given to my generation. it is immoral for us to keep spending what we don't have. i'll get us back. [applause] >> if you're -- if you're a 40- year old or 50-year old, in the primary years of your life -- you may not put away what you thought you could put away. the expectation was money from retirement. a lot of people who are employed find it hard to make ends meet. i was speaking to a guy from waukesha wisconsin. there is a...
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Oct 29, 2012
10/12
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it is not taxed or nothing. they need to start taxing this money. if the rich people do not want to pay more taxes, the one to take the tax money they are saving because taxes are lower, in order to influence the elections, this should be taxed at 90%. host: i was going to ask him if he had donated money to a campaign. we will be asking a number of other callers about that. talk about small money compared to large money. >> the obama's campaign, beginning in 2008, has relied much more on small contributions from individuals. it is easier to do that this year as the technology changes, internet develops, pretty straightforward to go to a website to donate, put in a credit card number. we are all familiar with that. so the campaign's top of that. that was very successful in the obama's campaign, and it continues to be, even though as an incumbent you can raise a lot of big contributions. direct contribution to the candidates are still limited. only $2,500 per election. there are also still prohibitions on who can give money to the candidates, corporat
it is not taxed or nothing. they need to start taxing this money. if the rich people do not want to pay more taxes, the one to take the tax money they are saving because taxes are lower, in order to influence the elections, this should be taxed at 90%. host: i was going to ask him if he had donated money to a campaign. we will be asking a number of other callers about that. talk about small money compared to large money. >> the obama's campaign, beginning in 2008, has relied much more on...
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Oct 27, 2012
10/12
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the adcdos who came out and said you have to raise taxes. does that puncture the balloon of the entirety of the logic of mitt romney. >> it may puncture it if you want to analyze this in logical terms. >> eliot: you're not saying logic is not in politics. >> i don't think it is right now. you may have fired an aide who wrote a speech like that. i think romney is quite wise not to. the banality of what he says is central. he does not want to spell out what he's going to say. we all point out the budget mass isn't this. that's because he doesn't want it to be there. he wants to talk in glowing generalities and allow everyone to allow mitt romney to be whoever they would like him to be. >> eliot: this is vapid by design. >> oh, yes they change the law and make the crimes legal. this is what obama understood in april of '08. he nailed it. he said these guys changed the rules of the game. allowed them to operate by like bandits, and it was done under george w. bush's watch. there isn't difference between romney and bush. >> that raises the critic
the adcdos who came out and said you have to raise taxes. does that puncture the balloon of the entirety of the logic of mitt romney. >> it may puncture it if you want to analyze this in logical terms. >> eliot: you're not saying logic is not in politics. >> i don't think it is right now. you may have fired an aide who wrote a speech like that. i think romney is quite wise not to. the banality of what he says is central. he does not want to spell out what he's going to say. we...
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Nov 2, 2012
11/12
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income tax. what changes would you support? schriebman: i'm on record for this. i may start by saying it's progrowth tax reform that helps small business and hard-working families. the lineages and the tax code i studied this extensively. i've had sessions with cpas. i had an irs worker comment on or off time in our code is complex and unfair. it is not there because it favors multinational corporations who can afford a whole wing of lawyers to find loopholes. but we need to commit to is going to the tax code, protecting middle-class provisions like mortgage, like our local taxes, like our health care expenditures charity. in outcome of those things in a bipartisan budget be protected but everything else upon the table for bipartisan discussions so that we can close loopholes that allow us to lower rates for all. when we lower rates, double helps when we lower rates, double helps when we lower rates, double helps and will help hard-working families. 96% of their take-home pay for the middle-class
income tax. what changes would you support? schriebman: i'm on record for this. i may start by saying it's progrowth tax reform that helps small business and hard-working families. the lineages and the tax code i studied this extensively. i've had sessions with cpas. i had an irs worker comment on or off time in our code is complex and unfair. it is not there because it favors multinational corporations who can afford a whole wing of lawyers to find loopholes. but we need to commit to is going...
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Nov 4, 2012
11/12
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or to cut taxes more than he wants to cut taxes. you have only identified $1 trillion of tax deductions on companies he want to repeal. that is president of obama cars are deal. that leaves $6.50 trillion. how will you felt the whole? you wanted to reduce the long- term debt. it how will the do that? see me about that after the election. he has no budget. i want to vote for the president who has a budget, who has a plan that will produce prosperity. i wanted to vote for the president who has been a good commander of our center chief and a good commander in chief and. . tiv of somebody who has brought to america on the other side it. lastly, just to remember this, governor mitt romney has promised us 12 million jobs. he said, but just electing me, people will be so elated that you are going to get 12 million jobs. yours way it was just an oversight as the president has told us, america is in a huge public health -- it is spreading a condition known as romnesia. days before a promise to the tour million jobs, a distinguished independe
or to cut taxes more than he wants to cut taxes. you have only identified $1 trillion of tax deductions on companies he want to repeal. that is president of obama cars are deal. that leaves $6.50 trillion. how will you felt the whole? you wanted to reduce the long- term debt. it how will the do that? see me about that after the election. he has no budget. i want to vote for the president who has a budget, who has a plan that will produce prosperity. i wanted to vote for the president who has...
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Oct 27, 2012
10/12
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president going to jail for tax evasion? i know it's deadly, but you have the country's former leader in jail. it's amazing >> he won't do any jal. they gave him a four year sentence and suspended it and said you will get one year, but he is going to appeal. guess what else. appeals takes up much time. it will be gone. he will be out, andlife on. >> you may need to go over there and turn up some fees. that is why i did not like practicing law in this country because th judicial process is so slow. over there, that is ridiculous. honestly, power corrupts. look at our own country. the president of the united states. secretary of treasury did not pay his taxes. [talking over each other] >> forgot to pay the taxes on a private plane. and telling you. it's all about the scandal and the tax is right here. >> i don't know. it seems like somethi i could see appening i rhode island, t that's about it. melissa: other problems. another case. but we won't. melissa: all kinds of stuff. this next one is really crazy. a guy wanting to get
president going to jail for tax evasion? i know it's deadly, but you have the country's former leader in jail. it's amazing >> he won't do any jal. they gave him a four year sentence and suspended it and said you will get one year, but he is going to appeal. guess what else. appeals takes up much time. it will be gone. he will be out, andlife on. >> you may need to go over there and turn up some fees. that is why i did not like practicing law in this country because th judicial...